My SOA!!

Costus

skintmumma wrote: »

Hi, Have just completed my SOA - bit of info....i'm currently on mat leave hence my wages are classed as benefits, 3 kids in house aged 7, 19months and 6 months...both youngest still in nappies and baby on formula milk so higher housekeeping figures..some figures where advised by CAB like the leisure time, gifts and clothing. Mobile is for 2 phones one contract one payg. petrol high as we have a guzzling 7 seater..needed a bigger car when ds3 came along (very unexpected!!) as our fiesta couldnt take 3 car seats/booster..no hp etc on this as we did a straight swap for a 53 plate fiesta to an R reg bus!! erm...what else....DH works nights so has car at night and i use for school runs /hospital during day (both youngest were born with med conds needing recurrent check ups)....my mat leave finishes in dec, due to med conds its not poss for me to go back so will be looking to claim housing benefit at that point (private renting)
anyway now ive waffled enough....pick away please!!!

Monthly income after tax................ 0
Partners monthly income after tax....... 1480
Benefits................................ 1035.24 (inc SMP/child ben/tax credits)
Other income............................ 0
Total monthly income.................... 2515.24

Monthly Expense Details
Mortgage................................ 0
Secured loan repayments................. 0
Rent.................................... 875
Management charge (leasehold property).. 0
Council tax............................. 105.26
Electricity............................. 45 seems a bit low try 60 ?
Gas..................................... 70
Oil..................................... 0
Water rates............................. 30 a bit low maybe?
Telephone (land line)................... 30
Mobile phone............................ 65 too high
TV Licence.............................. 11.63
Satellite/Cable TV...................... 30 not allowed
Internet Services....................... 18
Groceries etc. ......................... 515
Clothing................................ 59 up it to 110
Petrol/diesel........................... 260
Road tax................................ 15.42
Car Insurance........................... 36
Car maintenance (including MOT)......... 12.5 seems low for 2 cars, try 40
Car parking............................. 10
Other travel............................ 0
Childcare/nursery....................... 0 20 playschool possibly ?
Other child related expenses............ 65
Medical (prescriptions, dentist etc).... 15
Pet insurance/vet bills................. 0
Buildings insurance..................... 0
Contents insurance...................... 35
Life assurance ......................... 0
Other insurance......................... 0
Presents (birthday, christmas etc)...... 58.33
Haircuts................................ 15 up that to 30
Entertainment........................... 67.5 that won't be allowed in BR
Holiday................................. 0 i'd put in 60
Emergency fund.......................... 50
Total monthly expenses.................. 2493.64

Assets
Cash.................................... 0
House value (Gross)..................... 0
Shares and bonds........................ 0
Car(s).................................. 1000
Other assets............................ 0
Total Assets............................ 1000

No Secured Debt

Unsecured Debts
Description....................Debt......Monthly...APR
Littlewoods Catalogue..........1865.31...0.........0
Next...........................793.38....0.........0
Evans Card.....................283.53....0.........0
Barclays Overdraft.............1000......0.........0
Egg Card.......................1181.99...0.........0
HFC............................466.75....0.........0
EDF (previous house)...........432.02....0.........0
Barclays Overdraft.............1520......0.........0
HSBC Mastercard ...............3756.51...0.........0
Simplybe Catalogue.............185.......0.........0
Mothercare Card................1902.1....0.........0
Barclaycard....................5200......0.........0
Barclaycard ...................813.27....0.........0
Total unsecured debts..........19399.86..0.........-

Monthly Budget Summary
Total monthly income.................... 2,515.24
Expenses (including secured debts)....... 2,493.64
Available for debt repayments........... 21.6
Monthly UNsecured debt repayments....... 0
Surplus(deficit if negative)............ 21.6

Personal Balance Sheet Summary
Total assets (things you own)........... 1,000
Total Secured debt...................... -0
Total Unsecured debt.................... -19,399.86
Net Assets.............................. -18,399.86

Have not got any pets you could claim for?

Pretty sure £20 per month per car is reasonable for m.o.t. & maintenance, couldn't work out if you have 2 cars or 1.

Holiday fund is allowed in BR i'm pretty sure, will stand corrected on that.

£30 per month for haircuts is reasonable £10 per adult £5 per child, not wishing to discount the youngest but if anything like mine was (baldy) then a haircut wasn't needed. lol.